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20121101
20121130
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KPIX (CBS) 15
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of washington, i have never been more hopeful about our future. >> president obama accepts another term and once again promises america change. good afternoon, i'm frank mallicoat. as the president wins another four years in the white house, wall street is reacting not in a good way either. the dow is tanking today. jason brooks with kcbs and cbsmoneywatch.com joins us now and is it all politics or is business at play as well, jason? >> reporter: we have a number of issues sinking the stock market today. it's one of the worst days for the market in 2012. there are election issues at play, as well. we have sectors that are under pressure from regulatory concerns, namely financial, also energy. but then i have healthcare sector doing well since romney won't be able to invalidate obamacare. there is the looming fiscal crisis and the partisanship that's prevailing up until this election, worries that congress and the white house won't be able to solve that looming fiscal crisis. but another big issue really sinking the market today is europe. we have a downgrade from the european union on growth pro
and michelle are off today. >>> it is nonstop for barack obama and mitt romney. they have less than 24 hours now to convince the nation's undecided that they are the right guy for the next four years. danielle nottingham is tracking both candidates today. >> reporter: elizabeth, the white house hopefuls have been pushing it hard the last few days with events across the country. and with the race so close, they are both bringing along some big name help. ♪ [ music ] >> reporter: mitt romney kicked off his last campaign day in florida, where voters will help awarded biggest battleground prize. >> we can begin a better tomorrow, tomorrow and with the help of the people in florida, that's exactly what's going to happen. [ applause and cheers ] >> reporter: the republican nominee is on a final tear through the states that will decide who wins the white house. >> god bless the people of wisconsin. >> i need iowa. >> cleveland really does rock! >> reporter: president obama is spending the final hours of the campaign in wisconsin, iowa and ohio. ♪ [ music ] >> reporter: and he is using star powe
that we have some urgent business to do. >> president obama sitting down with congressional leaders today. mr. obama urged lawmakers to work together to keep taxes from going up for middle income americans. after the meeting, everyone seemed convinced they will find a solution. >> i believe that we can do this and avert the "fiscal cliff" that is right in front of us today. >> lawmakers have until the first of the year it come up with a budget plan. >>> -- to come up with a budget plan. >>> in a closed hearing on capitol hill, david petraeus testified about the terror attack in benghazi. cbs reporter danielle nottingham reports. >> reporter: reporters weren't able to catch a good glimpse of former cia director david petraeus today but he told lawmakers that the initial talking points that came out of the report from benghazi, libya described that event as a terrorist attack and he wasn't sure how or when the account changed. former cia director david petraeus made his first public appearance since the sex scandal forced him to resign last week. he testified before congress about the terro
the potential costs of superstorm sandy. back to the campaign, president obama's camp is calling the gop's effort in pennsylvania an act of desperation. but the democrats plan to increase their spending on political ads in the state. reporting live in the newsroom, cate caugiran, cbs 5. >>> support is growing to end california's death penalty. but backers of prop 34 still lack the majority needed to pass it. a new field poll shows 45% of california voters support the measure. that would make life in prison without parole the most severe punishment for state offenders. 38% say they oppose the measure while nearly one in five voters remains undecided. >>> the latest field poll on proposition 30 shows it could still go either way. 48% of voters are in favor governor brown's tax plan. 38% oppose with the rest still undecided. prop 30 would increase the sales tax temporarily and raise income tax for those making more than a quarter million dollars a year. if prop 30 loses, it would trigger deep cuts to public education from elementary school up to universities. >>> a man was killed while walk
. voters will decide between, of course, barack obama, the president, and republican challenger mitt romney. everything coming down to the last minute including the former governor's decision to campaign today. we have live team coverage and it all starts with randall pinkston in boston. >> reporter: they are putting the finishing touches on the stage where mitt romney and his running mate paul ryan hope tonight or tomorrow morning to take that podium and declare victory. earlier today, mitt romney and ryan made a joint appearance in ohio meeting with workers and campaign supporters there. what may be one of their last joint appearances of the campaign. mitt romney and his wife voted in belmont, massachusetts. then they kissed each other good-bye. >> i feel great about ohio. >> reporter: romney headed to a last-minute campaign rally in cleveland where his running mate paul ryan joined him. ryan vote for himself twice today in the swing state of wisconsin where he is also running for re-election to congress. later today he will be in pittsburgh, pennsylvania, a state his advisors now say is
wednesday, president obama defend rice saying she was acting on intelligence briefings she was given. >> when they go after the u.n. ambassador, apparently because they think she's an easy target, then they have a problem with me. >> reporter: acting cia director michael morrell is testifying today. former cia director david petraeus will testify behind closed doors tomorrow. one hearing today is not closed. the house foreign affairs committee is asking experts to offer their assessment of what went wrong. >> it's two months later and too little is known about what took place. >> reporter: secretary of state hillary clinton will not testify this week. she is scheduled to talk to lawmakers once the state department completes its own investigation. danielle nottingham, cbs news, capitol hill. >>> oil giant bp has agreed to pay the largest criminal penalty in u.s. history. $4.5billion for the 2010 oil spill in the gulf of mexico. 11 people were killed in an oil rig explosion and the resulting oil leak caused severe environmental damage. bp plans to plead guilty to obstruction for lying
, just say you don't know what happened. >> reporter: rice needs the senate support if president obama chooses her to be the next secretary of state. ambassador rice met with lawmakers in a secure room behind this group of cameras here on capitol hill to discuss classified information. an aide to senator john mccain says she requested the meeting. afterwards, rice issued a statement saying the talking points the intelligence community gave her were incorrect and that at no time did she or anyone in the obama administration intend to mislead the american people. the white house worked to reinforce that tuesday. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> reporter: acting cia director michael morrell joined rice's capitol hill meeting to help her field questions. danielle nottingham cbs 5. >>> president obama is making a public case this week for his approach to avert the "fiscal cliff." he is meeting today and tomorrow with small business owners and middle class families and he will visit a small business in pennsylvania on friday. n
] >> tired of barack obama and mitt romney. [ sobbing ] >> that's why you're crying? oh. it will be over soon, abby... okay? ,, ,,,,,,,,,,,,,,,,,, serving in afghanistan. >>> it started with a simple c.a.r.e. package sent to a marine captain servin in afghanistan. but it was turned into a pipeline of support for servicemembers overseas. kate kelly reports. >> they were asking for tourniquettes, medical scissors, flashlights. >> reporter: it's not unusual for aaron negherbon to go calls at all hours of the day from the front is lines in afghanistan like the call he got from a marine corps major needing help. >> he said we just got into our base here in afghanistan and half of my unit is coming down ill because there's some type of virus or bacteria. he is on the phone with me. he goes i need 10 pressure washers and i need 2,000 feet of hose. he goes, can you do that? and i said, absolutely. >> reporter: aaron says. equipment was there in a week and so are most of the items that he ships overseas through the nonprofit he founded called troopsdirect. >> a lot of these items simply aren't readily
mallicoat. in his first press conference since his re-election president obama calls on compromise and focus to avoid the "fiscal cliff." >> he seems confident it can be done. >> we face a very clear deadline that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. >> the president says he will not agree to any budget deal that extends current tax rates for the wealthiest americans and says his stand on that issue was validated by voters. congressional republicans have said they are willing to include new tax revenue in a deficit reduction deal but they have been adamant that the tax rates themselves do not increase. >>> let's see how wall street is reacting to the news. not so good, down 124 points so far. >>> one of the key moments in the news conference came when the president took on republicans critical of his handling of the 9/11 attacks on the u.s. consulate in benghazi. the president strongly defe
to give them his assessments of the attack. >>> president obama plans to hold multiple meetings this week all dpeerd toward averting the so-called fiscal cliff. mr. obama hoping to build con consensus to avoid automatic tak increases and spending -- automatic tax increases and spending cuts. he will meet this week with labor and business leaders. >>> the veterans affairs secretary wants to not only reduce the number of homeless vets but cut it to zero. >> reporter: this is the first housing for homeless vets in san francisco in the past 12 years. today, was more of and informal opening. they're going to wait to have the grand opening later on but today they wanted to be able to commemorate the vets. this downtown building will soon be home to 75 disabled veterans. >> this gives them a safe place to be even if they're in a shelter or in emergency housing, they're very vulnerable to predators, they're vulnerable to you name it. >> reporter: the group partnered with federal, state agents and the city of san francisco to gather the $30 million to renovate the building into veterans commons.
states is stepping up its involvement in the peace process. president obama is sending his secretary of state hillary clinton to the region. and danielle nottingham is standing by in washington, d.c. to tell us who the secretary will be meeting with later today. danielle. >> reporter: frank, secretary clinton will be meeting with israeli prime minister benjamin netanyahu and then tomorrow she is supposed to sit down with egypt's president. and it's really important for secretary clinton to do her best to try to broker some kind of peace deal along with the rest of the international community. they are very concerned about the violence spilling into other areas of the region and we know right now it's very volatile there not only in what's happening in israel and in gaza but also in syria and egypt and in lebanon, frank. >> now, the u.s. government has a strong stand against hamas. so who will meet with the hamas leaders to broker the peace deal? >> reporter: that's egypt's president right now. mohamed morsi has been meeting with hamas. of course, the united states won't sit down with
but president obama says we could avoid the fiscal cliff. i'm michelle griego. >> and the president addressed the nation, and quick action to keep all american taxes from going up on new year's day. >> cbs5 reporter cate cauguiran watched the address and is breaks it down. >> what does it really mean for everyone in california. >> reporter: there is a new report that shows the bay area's job market could grow faster than the state of california and the nation over the next two years, but our economic growth could go downhill with this looming fiscal cliff. >> right now, if congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody's taxes will automatically go up on january 1 january 1st. everybody's. >> reporter: just hours ago the president warned lawmakers the deadline is approaching. economists say the fiscal cliff could throw the economy back into a recession. both republicans and democrats emphasize compromise. >> this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution t
out a ground assault in gaza. president obama is warning israel that a further escalation may derail peace talks and a two-state solution. while traveling in asia the president also made clear that he will not second-guess the strategy of one of america's allies. >> there is no country on earth that would tolerate missiles raining down on its citizens from outside its borders. >> reporter: egyptian diplomats are trying to broker a cease- fire. both israel and hamas are reportedly presenting egypt with their demands. what one official said, an immediate end to the deadly rocket attacks does not seem likely. danielle nottingham, cbs news, the white house. >>> victims of superstorm sandy have certainly not been forgotten. donations continue to pour in to the american red cross raising more than $140 million thus far. the relief agency is currently operating 472 shelters it more than 10 states. they have delivered millions of millions and relief items. >>> bay area air quality officials are getting an update of repairs on chevron's refinery in richmond. they are upgrading unit 4, replaci
benjamin netanyahu agreed to a cease- fire after president obama called and urged him to give it a chance. earlier wednesday, an explosion tore through a bus in a busy section of tel aviv. emergency crews rushed to the scene to treat the injured. hamas has not claimed responsibility but praised the attack. today the white house called the bus bomb in tel aviv a terrorist attack and reaffirmed the u.s. commitment to israel's security. during the fighting, hamas fired more than 1,000 rockets into israel and israel launched more than 1500 attacks including air strikes killing more than 140 people in gaza. the white house says the president called egypt's president and netanyahu to commend them for working together. under the cease-fire agreement, hamas has agreed not to fire rockets into israel and israel agreed to end its policy of assassinating top militant leaders. danielle nottingham, back to you. >> thank you. >>> a massive clean-up is under way at ocean beach in san francisco right now. a large section of the beach may have been contaminated with raw sewage. around 1 a.m., crews discov
and palestine have been negotiating. >>> with 33 days left to the "fiscal cliff" deadline, president obama sent his treasury secretary to capitol hill to negotiate with congressional leaders and it didn't appear to go well. >> i got to tell you, i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the "fiscal cliff" is serious business. and i'm here seriously trying to resolve it. i would hope the white house would get serious, as well. >> house speaker john boehner came out of the meeting declaring himself disappointed with the white house's proposals. he says democrats have failed to offer a specific plan for cutting spending. and sources who have been in on the talks for months say even though in public the deal seems like it won't happen, in private it is starting to take shape. here's some of the details they have given politico.com. taxes will go up about $1.2 trillion, entitlement programs mainly medicare will be cut by no less than $400 billion. there will be at least $1.2 trillion in spending cuts and war cuts. >>> another
Search Results 0 to 14 of about 15

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